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Thread: Thoughts on real estate??

  1. #1
    Senior Member
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    Thoughts on real estate??

    I peruse real estate sites looking for our next home and have noticed that higher end home listings ($750K and up) are suddenly very numerous; there are way more than usual. Some days no listings at all when in the past there would be many to look at. It is hard to make buying/selling decisions when everything is so unsettled. Wonder what the crystal ball says about the future of housing as we move through this virus disaster?? Also wonder why so many big, expensive homes are being sold?

  2. #2
    Senior Member bae's Avatar
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    Random thoughts:

    - stock market madness causing lower net worth, or more fears of the future
    - covid-induced economic disruptions causing loss of income, or future fear
    - people downsizing, or ditching second homes, because of the above
    - depending on the area, increased market for homes in "safe" areas causing sellers to appear

  3. #3
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    Real estate can be a very local issue.

    In our area, houses in lower cost ranges in good school districts are causing bidding wars. Empty lots in the building areas of our sort of inner city are a hot commodity. Tear downs are in demand in a couple of areas.

  4. #4
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    They bought a house they couldn't afford and are trying to get out of it without a major loss.

    Real estate here is moving in a day-as it has been for several years. Our market hasn't changed 1 bit!

  5. #5
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    I think at the higher levels, it may be stock market related, as many think a repeat of 2008 coming, and they don't want to be holding the bag with the real estate when it drops in value.

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